After nearly a week on ventilator help, Rajeev Karwal, the founder and Chairman of Milagrow Robots, died of Covid 19 on Wednesday morning. Karwal was well-known in India for his contributions to the electronics and technology industries. He was known for his efforts to create brands at LG, ONIDA, Philips, and Electrolux, where he rose through the ranks to become a senior executive.
As LG Corp's Vice President of Sales and Marketing, he was known for transforming the business. He also spent a year as the president and CEO of Reliance Digital before launching Milagrow in 2007. Milagrow began as a management consulting firm in 2007, but by 2012, the company had transitioned to manufacturing robots for both residential and industrial use.
During the Covid period, Milagrow's robots were important because hospitals began using Milagrow's humanoid to assist doctors. To protect doctors and healthcare staff from the virus, the first hospital humanoid ELF was deployed in the advanced COVID-19 ward at AIIMS, Delhi.
In recent interviews, Karwal discussed Milagrow's rise, which he said was aided by the pandemic, as the demand for robots for housekeeping and educational purposes increased. He said that robots had replaced 80% of the labour previously employed in tasks such as cleaning windows and swimming pools. He also stated that Milagorw's first four months of 2020 sales exceeded those of 2019, with sales in the first half of August equaling half of those of the previous four months.
Karwal's entrepreneurial career spanned three decades. According to Crunchbase, Karwal is "maybe the only senior executive in the Consumer Durables room in India who has had manufacturers' as well as consumer electronics retailer's perspectives." Karwal rose to prominence as an entrepreneur in the early 2000s and was dubbed the "poster child" of the consumer durables industry. Karwal graduated from IMT Ghaziabad and was one of the top students in his class.
In 2004, Karwal was named to the Economic Times' list of India's Most Powerful CEOs, and in 2002, he was named to Business Today's list of India's Top 25 Hot Young Rising Stars. He was awarded the Confederation of Indian Industry's Young Manager Trophy in 2001. Business India named him one of the Millennium's Stars in 2000.
He also took home a number of Philips International Leadership Grand Prix titles.